Lagos Ends Pension For Ex-Governors, Deputies
LAGOS State on Tuesday unfolded plans to repeal the public officials’ pension law which grants certain benefits to former elected governors and deputy governors. Governor Babajide Sanwo-Olu, who gave the hint during his 2021 budget presentation to the House of Assembly, said he would send an Executive Bill to scrap the law because the entitlements were not sustainable due to financial constraints. The N1.155 trillion budget was christened: “Budget of Rekindling Hope.” The governor said the repeal of the law would reduce the cost of governance and foster the spirit of selfless service. He said: “In the light of keeping the costs of governance low and to signal selflessness in public service, we will be sending a draft Executive Bill to the House immediately for the repeal of the Public Office Holder (Payment of Pension Law, 2007), which provides for payment of pension and other entitlements to former governors and their deputies. “It is our firm belief that with dwindling reve...